FilingReader Intelligence

Heilongjiang agriculture stock volatility amid lawsuit resolution

April 14, 2025 at 12:14 PM UTCBy FilingReader AI

Heilongjiang Agriculture (SSE:600598) has announced that its stock has experienced abnormal price fluctuations, triggering an exchange inquiry. This volatility coincides with a favorable ruling in a legal dispute involving its subsidiary, Longken Malt Co. The court has overturned previous judgments against Longken Malt, originally ordering the company to pay CNY2,331.97 million. The court has also ordered the return of trial fees. While the financial impact is still being assessed by auditors, the company emphasizes that its operations remain normal, with no significant changes in market conditions or internal operations. The company urges investors to exercise caution, emphasizing that media reports and hot topics have not influenced its stock price fluctuations. The company, its controlling shareholder, and its actual controller confirm there are no undisclosed events that could affect the stock price.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600598Shanghai Stock Exchange
Agriculture

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